I am making the switch from indexes to oil trading and just curious of any of the fundamental or technical news /setups I should be aware of? I am pure daytrader scalper … I use a 20 tick range chart and no indicators … the oil volatility really attracted me to making the change and I am at the stage in my trading career where I want to be all in on one thing and really learn it and all of its ins and outs and master myself and my trading …. Any and all thoughts and advice are welcome


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Different markets behave differently. This is same as understanding two female friends. Each will be different with different type of likes, behavior, attitudes, styles, needs, wants, etc.

But, there will be also some common aspects as well which you can learn. In this case, it's different markets tend to have some common edges and trade setups.

Just give it some time. Learn the behaviour. You should be fine. And yes, stay away when crude oil inventories happen every Wednesday. Stay green. Good luck.

lightsun47 

Different markets behave differently. This is same as understanding two female friends. Each will be different with different type of likes, behavior, attitudes, styles, needs, wants, etc. But, there will be also some common aspects as well which you can learn. In this case, it's different markets tend to have some common edges and trade setups. Just give it some time. Learn the behaviour. You should be fine. And yes, stay away when crude oil inventories happen every Wednesday. Stay green. Good luck.

Much much appreciated!!!!


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I made the jump to crude also. I came over from stock indices. I have noticed that crude can jump 20 ticks when it hits new highs/lows.

I switch to Crude Oil 2 years ago , i never regret this step. For me oil is the perfect market but aware of big volatility and liquidity changes. I wish you the best, good luck.

I like oil. Good Moves there.

Dont be short if war breaks out lol.

I like oil much better than ES...good volatility but moves a little slower. ES can be so erratic it just wipes me out most times...respect to those who can trade it well.

Just started trading oil again and like it for its moves, especially if ES just range bound. Its a really thin market so discipline on stops will be key imo. As with all markets though, if you are familiar with Auction theory, CL trades with the same principles, just often more volatility.

It is very sensitive to news, especially news you may not hear or read about in the mainstream, and it will cause it to move very fast without any apparent reason. When trading oil, I tend to keep my eye on the news a little more vs the ES.